Abstract
Cardiovascular disease is a leading cause of mortality and morbidity in the United States. Coronary artery bypass graft (CABG) surgery, a leading revascularization procedure to treat coronary artery disease, is a high cost procedure that results in large economic impact. Ability to predict CABG surgery cost could enable clinicians and administrators to better manage hospital resources. To plan for CABG surgery cost based on individual patient characteristics, this study develops predictive models using clinical, administrative and cost data. We applied semiparametric regression to develop (i) a cost model that consists of pre-operative variables, and (ii) a cost model that consists of pre-, peri- and post-operative variables. Adding perioperative and postoperative variables increased model accuracy by 25%. Statistically significant variables can inform clinicians and administrators to focus on areas for quality and process improvement initiatives. Potential limitation for model adoption is that costing methodology and accounting methods might vary across hospitals.
References
See the article for footnotes and references.
Publisher
Journal of Healthcare Finance is published by Journal of Healthcare Finance (a registered LLC).
Editors-in-Chief
-
Dunc Williams, PhD (Medical University of South Carolina)
-
Aaron Winn, PhD (Medical College of Wisconsin)
Content Provider and Permissions Holder
Copyright © 2025 Journal of Healthcare Finance. All rights reserved.
For permissions, reproduction, or licensing requests, please contact:
[email protected]
